What would you prefer Private OR Government ?

Viictor

Vicky Sitpura
Most of the people prefer to work in government company, as just because they think they are safe enough with their future, but very few people prefer private firm. Why is it so? And not only in Working firms,but also In choosing partners example:- LIC replace MNYL,ICICI,TAT AIG, etc.
and there are many more examples. So why they are so choosy about government firms and not private?

What would you prefer Private OR Government?
 
Re: Private OR Government?

Govt job is any day advantageous over a pvt job bcz of the following merits:
•Federal Employees Retirement System (FERS)
•Thrift Savings Plan (TSP)
•Social Security
•Medicare
•Federal Employees Health Benefits Program (FEHB)
•Federal Employees Group Life Insurance (FEGLI)
•Leave and Holidays
•Family Friendly Leave Flexibilities
 
Re: Private OR Government?

Government jobs can obviously be chosen over private ones..

The reasons could be Job security, Financial services such as mortgages are offered at lower rate of interest by the respective department where the employee is working. It also gives retirement benefits, mostly Pension, Promotions and pay raises offer social recognition to employees at certain intervals. The working style is more relaxed. The government also promise to provide employment to the relatives of the employees. Unlike in private sector, one need not work for long hours which deprives a meaningful family life.
 
Re: Private OR Government?

Government Jobs have traditionally offered many perks which private jobs do not. Here are few job benefits and reasons for choosing a government job over a one in the private sector.
1. Pension; this is one of the attractions.

2. Financial services, such as mortgages at a low rate of interest offered by the respective department where the employee is working.

3. Promotions and pay raises offer immediate social recognition/status to employees at specified intervals.

4. Higher positions often entail unmatched administrative power.

5. Relatively stronger immunity against job loss.

6. Some governments promise employment to relatives of employees.

7. More relaxed, congenial working style.

Are There Any Negatives To Government Jobs?

Of course, there are a few downsides to government positions, too. Government jobs offer a low starting salary, in comparison to private employers. Salary hikes are sometimes meager as they are regulated by standardization. Career growth opportunities can be few and far between, as promotions are standardized and often based on seniority. Another aspect of government jobs is that they may be perceived as less challenging. A common complaint about government jobs is that the routine and mundane nature of the job often leads to complacency.

Private Sector Jobs: Why Should You Choose Them

The private sector offers the maximum number of employment opportunities. This is true for any developing or developed country. Private sector jobs, even though they do not guarantee job security, offer high career potential growth opportunities. This is by far the biggest reason for their popularity along with the huge demand that they create. Job seekers often opt for private sector employment because of their fast paced and modern recruitment procedures. In the private sector, true talent is recognized and sought out by various selection techniques.

1. Selection procedure provides an even playing field for all applicants. This is unlike the government sector, where selection is often made based on seniority or knowing someone in a particular agency.

2. True talent is unearthed before the selection through interviews and brainstorming.

3. Lucrative starting salaries and high growth potential through what is called "merit based" promotions and salary hikes.

4. Fast paced working style and environments give employees job satisfaction and eventually fosters loyalty and dedication.

There are downsides to private sector jobs as well, such as long working hours-depriving employees of a meaningful family life. Mental stress and early aging are said to be byproducts of private sector jobs.
 
Re: Private OR Government?

i would prefer a private firm, as i wish to be paid according to my performance and not my seniority

Government firms are safe and secure, with fixed earnings and yearly promotion, which has cemented the feeling of contendness in the employee's mind. This has resulted in poor performance and rise of corrupt practices.

But the Private sector is more result oriented, focusing more on the skills and abilities of the individual than the years he's been warming his chair!
 
Re: Private OR Government?

govt job is chose because its secure and also nobody cares about work but when u want to grow big and fast we need to go for private firms, i would like to for private firms only
 
One reason for selecting private over govt. jobs would be that youth in our generation is active enough to handle the high profile jobs. they work hard and with good packages, they get fame over all.
 
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